Egypt to put squeeze on Qatari LNG volumes
Egypt cut diplomatic ties with Qatar in June because of its alleged support for terrorist groups. Cairo currently relies heavily on Qatari LNG imports to make up its shortfall in domestic gas production.
Three Mile Island is the latest nuclear power plant to announce retirement plans
(Tue, 13 Jun 2017) At the end of May, Exelon, the owner of the Three Mile Island Nuclear Generating Station in southeastern Pennsylvania, announced its intention to retire the plant in 2019 unless the company is given assistance by the state to help keep the plant financially viable. Exelonâs announcement marks the sixth announced nuclear retirement in the past seven years.
Reporting oil companiesâ proved reserves in 2016 decline for second consecutive year
(Mon, 12 Jun 2017) Annual reports of 68 publicly traded oil companies indicated that their aggregate proved liquids reserves declined in 2016 for the second consecutive year. The decline in proved reserves was heavily concentrated in a few companies that reduced their estimated reserves from Canadian oil sands projects.
UK election: Brexit confusion
Following the June 8 UK general election result, what does a hung parliament mean for upcoming Brexit negotiations? Ross McCracken blogs.
U.N. cap on North Korean coal exports could decrease North Korean export earnings
(Fri, 09 Jun 2017) In 2016, the almost $1.2 billion value of North Koreaâs coal exports accounted for about 40% of their total export revenue. A cap imposed by the United Nations (U.N.) on imports of coal from North Korea would limit North Koreaâs coal export earnings to about US $400 million in 2017, about one-third of the previous five-year average.
Global access to electricity has increased over the past two decades
(Thu, 08 Jun 2017) According to the most recent data from the World Bank, 15% of the worldâs populationâapproximately 1.1 billion peopleâlacked access to electricity in 2014. However, access to electricity has been generally increasing over the past two decades. In 1994, approximately 27% of the worldâs population lacked access to electricity.
Building blockchains in energy markets
The idea of using blockchain technology to ease trading in the energy and commodities markets is cropping up more and more.
A mixed May bag in commodities: Of Presidents and Prices
The commodities price watch during Trump’s term continues. Here are the price averages for some key commodity benchmarks since he became president.
United States remains the worldâs top producer of petroleum and natural gas hydrocarbons
(Wed, 07 Jun 2017) The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2016 for the fifth straight year despite production declines for both petroleum and natural gas relative to their 2015 levels.
As U.S. airlines carry more passengers, jet fuel use remains well below its previous peak
(Tue, 06 Jun 2017) The amount of jet fuel consumed by U.S. airlines increased in both 2015 and 2016, although jet fuel use in 2016 remained 11% lower than its level a decade ago. Jet fuel use was lower despite the fact that the number of passengers traveling on U.S. carriers in 2016 was 7% higher than in 2007.